- cross-posted to:
- business@lemmy.world
- workreform@lemmy.world
- cross-posted to:
- business@lemmy.world
- workreform@lemmy.world
Bureau of Labor Statistics releases latest estimate of how much labor receives of national income, showing bleak decline
When Jesse Motte began working at a Starbucks inside a Target store in Columbia, South Carolina, more than two years ago, $15 an hour sounded great. He was excited to start because it was the most he had ever made after working for years in the service industry.
The excitement has dissipated due to his inconsistent and erratic work schedule, the rising costs of necessities and the minuscule raises he and his co-workers receive annually. His most recent annual wage increase was $0.37 an hour.
Motte is not alone. This week, the Bureau of Labor Statistics released its latest estimate for the share labor receives of national income for the first quarter of 2024. The statistics shows the income workers receive compared to the productivity their labor generates.
According to BLS, this income share has declined for non-farm workers from around two-thirds, 64.1% in the first quarter of 2001, to 55.8% in the first quarter of 2024.
And dwindles… and dwindles… and dwindles… and dwindles…
Serfdrom/Feudalism 2024!
Folks like Motte and Ortiz have to drill it into their heads that corporations will not give them anything they’re not forced to give. And that the way to force them is a union. People have to snap out of the delusion that if they work hard, their employer will give them what they deserve.
Share of the pie? More like bits scraped off the dinner plate for the dog.
If the 1% start to unalive the changes would be rapid
Saying this on Reddit or Twitter is a great way to get your account suspended.
'Cause racism, sexism and harassment are a-ok, but suggest that the rich would behave better if they were afraid instead of contemptuous and you’re in the penalty box.
It depends. Without systemic changes to prevent a new set of people from just grabbing everything up, in a short time we’re right back here in garbage land. We need forceful collective changes with safeguards placed for the future.
Welcome to Lemmy, new account!
Welcome! Lemmy can always use new users.
There’s generally no need for self-censorship here because there is no single entity or business that controls this platform. Lemmy taken as a whole has no commercial or political interest. There’s no advertisers to disappoint with controversial content. It’s is a loose federation of many instances and communities paid for by the people who use it.
However, if you just prefer the new language and I’m old and outdated, then what do I know? In that case, you do you.
Welcome to Lemmy, new account!
As if it makes a difference. My third since June, doesn’t everyone make a new one periodically?
Legalized theft. How many years before there is a shortage on pitchforks we think?
And that $0.37 raise is on the high end for Target. The lowest is $0.10, and a certain percentage of employees have to get the lowest - so Target is literally nickel and dimeing some of their hardest workers.
Target is just Walmart in a Gucci-inspired belt.